FISCHER TAMARA D 4

What Happened
Tamara D. Fischer, a director of JLL Income Property Trust, acquired 116.084 shares of Class I common stock at $11.23 ($1,304) via the company's Distribution Reinvestment Plan on April 23, 2026. On the same date she was also credited with 30.697 deferred stock units (DSUs) valued at $11.24 each ($345) under the Independent Directors Compensation Plan. Both entries are coded as "other acquisition or disposition (J)" and represent plan-driven crediting rather than an open-market purchase.

Key Details

• Transaction date(s) and prices:
  • 2026-04-23 — 116.084 shares @ $11.23 = $1,304 (DRIP)
  • 2026-04-23 — 30.697 DSUs @ $11.24 = $345 (derivative/DSU)
• Total value: approximately $1,649.
• Filing: Form 4 filed 2026-04-28 (five days after the transaction); this appears to be one business day late (Form 4s are generally due within two business days of the transaction).
• Shares owned after transaction: Not reported in the provided filing.
• Footnotes:
  • F1: Shares acquired via the Amended and Restated Distribution Reinvestment Plan (DRIP).
  • F2: Each DSU is economically equivalent to one share of Class I common stock.
  • F3: DSUs are payable per the Independent Directors Compensation Plan on separation, a specified date, or on a change in control.
• Transaction code: "J" — indicates an in-plan credit or other non-standard acquisition, not a market buy/sale.

Context
These are routine, small-value plan credits: the DRIP reinvests distributions into additional shares, and the DSUs reflect director compensation deferred for future payout. Such plan-driven acquisitions are common and do not necessarily signal a change in the director’s view of the company beyond ordinary participation in compensation and dividend programs.